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Wednesday, June 17, 2015
The Germans are now the majority of a Greek exit from the euro zone. However, experts warn that Germany would thus not save money. There would also incalculable political consequences.
A clear majority of Germans favor according to a survey for a withdrawal of Greece from the euro zone. 58 percent of the polling organization YouGov surveyed would prefer it if the threat of state bankruptcy country leaves the euro. 28 percent want to keep Greece in the euro against. 14 percent have no opinion or did not specify. According to YouGov more than 1,200 people participated in the representative survey.
A number of prominent economists warned against it from the consequences of a Greek sovereign default and a breakup of the euro zone. “If we now say ‘Final’, then would be for Germany at a stroke about 70 billion euros lost,” said Marcel Fratzscher, the President of the German Institute for Economic Research, the “Saarbrücker Zeitung. While the probability of a Greek bankruptcy has become larger . “But that also increases the likelihood that all sides realize that there are only losers with a Grexit” Fratzscher added.
In addition Fratzscher warned of “contagion”. Finally have also Italy “huge problems “.” We’re all in the same boat, “warned economist.” Either we all lose, and Greece will be the main losers, or we all win. “
Uncharted waters after June 30,
Also, in the opinion of US economist Dennis Snower a withdrawal of Greece Europe would destabilize. “A Grexit would be very risky, and above all, the political consequences are hard to estimate,” the president of the Kiel Institute for the World Economy ‘said. / p>
The French Finance Minister Michel Sapin also warned incalculable risks of a Grexit. The EU employment agreements “the possibility that a country gives up the euro,” not before, Sapin said in an interview with the French newspaper Le Figaro. “I strongly advise to not set foot on uncharted territory,” the minister added. If Greece and the EU but wanted to stay in familiar areas, they would have the debt dispute until June 30 to reach an agreement.
As the Greek Government saniere its budget, will be left to you, Sapin said. “The country is in its decisions freely: If the Greek government wants to protect the small pensions, we have nothing against it, on condition that it is ready to make elsewhere savings or raising taxes.”
instead of accusations negotiations
Despite warnings of sound between the Greek government and its creditors has intensified in recent days. EU Commission President Jean-Claude Juncker, who had long acted as advocates Athens against the euro group, accused the Greek government of having twisted his words. “I throw them the right to have the Greek people say things that are not consistent with what I said the Greek Prime Minister,” he said. The debate both in and outside of Greece would be easier if the Greek government would reflect exactly what the Commission actually proposing.
Read more aboutThe Greek Finance Minister Yanis Varoufakis dismissed the accusations and said: “Juncker has the documents that he has given Tsipras not read either, or they have been read and forget.” Previously Tsipras had donors accused humiliation and power games. Varoufakis said in a speech on “sadism” of the creditors.
Because of the escalating dispute, according to YouGov expect an increasing number of German with the Grexit. Meanwhile held 49 percent of respondents “somewhat” or “very likely” that Greece leaves the euro zone in the next six months, 41 percent believe it is “somewhat” or “very unlikely”. In May, when YouGov asked the question before, the ratio was reversed.
Source: n-tv.de
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